The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.

The Outreach & Education function engages, empowers and educates the public in the Second District. Our outreach mission furthers the Bank’s commitment to the region by listening to the communities we serve and developing programs, analysis and sponsored conferences and clinics to help meet their needs. Our education mission aims to advance public knowledge about the Federal Reserve System and its role in the economy.

NEW YORK—The Federal Reserve Bank of New York will hold a press briefing on the regional labor market on Wednesday, May 21 at 10 a.m. At the briefing, New York Fed economists will provide an update on the jobs recovery in the region, and discuss how recent employment gains have been concentrated in lower and higher skilled sectors, while the share of workers in the middle-skilled jobs has continued to shrink.

New York Fed economists will also provide information and insight on the recent economic performance of the Second District, which includes New York State, northern New Jersey, Fairfield County and Puerto Rico.

New York Fed President William C. Dudley will begin the briefing with remarks about regional economic conditions and the kinds of jobs created during the recovery. President Dudley and staff will answer questions after the presentations.